McCashin's Brewery pulls out of Veritas deal

Thu, 07 Mar 2019

By Paul McBeth March 7 (BusinessDesk) - McCashin's Brewery won't take a cornerstone stake in food and beverage investor Veritas Investments, backing out of an option to buy a near-20 percent stake at a hefty premium. In January, 660 Main Road Stoke - which trades as McCashin's - obtained a call option to buy 8.6 million Veritas shares from Mad Butcher owner Michael Morton at 20 cents apiece. The options expired at the close of business on March 29, but notes to the stock exchange today show the option was terminated. The $1.7 million...

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